Eg Solutions Share Discussion Threads

[cyril4] 17/5/2008 10:10

bought without any research,still no research,any info

[cyberpost] 17/5/2008 10:02

you've hardly had them for 24 hours and you want to cut your losses ?

you must have bought them for a reason, what's changed since overnight ?

[cyril4] 17/5/2008 09:41

just testing the water,got them yesterday to give you a clue

[cyberpost] 17/5/2008 09:35

cyril, how many have you got and what price did you buy them at.

[cyril4] 17/5/2008 09:34

should that be accept

[cyril4] 17/5/2008 09:28

can anyone tell me are these share going anywhere or should i sell and except my losses

[h101] 10/4/2008 13:26

I'll take a less jaundiced look again at EGS. I'm not so proud that I won't transfer money from my other shares to EGS should I feel it has more or even equivalent potential.

There are other factors to be considered, such as that of the steady decline in EGS share price, halted currently. While there may be liquidity issues, nonetheless sentiment seems to be against it, hence perhaps a heightened sensitivity by certain members of this board.

Lack of liquidity can lead to high volatility, yet EGS displays none of that over the last year. Except now where a sudden jump on the back of small volumes can lead to seeing the share as risky. There is every risk it jumps down again.

My own investment approach varies depending on the degree of risk. One share I felt had less risk and thus I was prepared to buy in earlier than delivery. While you may try to pick apart my perceived inconsistencies, you do so from too little context or information. Given when I bought the other share let's say I had a choice to buy it and EGS. At the times I bought, over the last year and more, EGS continued its fall. As stated by the company, profitability reappeared in the latter part of 2007. On balance I chose not to invest in what you see as a better prospect.

Since I didn't I made a modest profit. Otherwise, I'd be looking at buying in anywhere from 80p to 12p together with say an average 50% loss.

All I'm trying to say is don't assume too much about my strategy and background on the basis of some simplistic comments I make here. I don't have the desire to expound all the finer points or thought processes. I'm sure a drink down the pub would be the best place for that.

[cyberpost] 10/4/2008 09:45

No problems H101. You many not view your 'other share' as like EGS but your arguements that the company has to prove itself first for anyone to invest in it just as much applies to that 'other' share as EGS. But obviously since you are subjective (you own the 'other share').... you might not able to see that. But to an objective impartial viewer that would be the case. As if you look at the broker forecasts - EGS is far more on the road to recovery than your 'other share'. I think WellWorthIt copying and pasting your comments onto the board relating to the stock you own was a dig at those comments - it was to point out an irony. That your comments are as much if not more applicable to your 'other stock' as they are to EGS.

And the fact that you have stated that 'recovery had started to take place' in your 'other share' and so you have bought contradicts your own criteria for investing in a stock (in the current climate). Starting a recovery is NOT proof of delivery.... that was your condition for investing... otherwise you said better to put your money in a bank. Yet you still are invested in that stock and extolling it.

You may not think EGS has started a recovery... but the fact that they were profitable in the last few months of the financial year AND the fact that they are expected to be profitable this year AND deliver a divi next year quite categorically implies otherwise. Also dont forget the big contract received not so long ago, compare that to the market cap and you'll realise it was very significant.

Finally, your comment about the volume of shares traded was quite ill founded. A company that has only 4% in free float wont have as many shares traded as you cant buy many on the open market. Its a very very thinly traded stock, with the vast majority of the equity held by institutions AND the CEO. I myself own 165k of the stock (c.11p average). So effectively leaving around only c.400,000 in free float.

As i said, no problem in posting bearish anaylsis, but it should be done with fundamental and founded analysis - at least do some back ground research to ensure your arguements stand up to the facts.

PS I am a software engineer by profession. I now trade/invest full time, have been doing for the past 20 years.

[h101] 10/4/2008 09:15

Thanks Cyberpost - I take on board all you say. Let's put it down to a poorly thought out reaction by me to what I felt were comments that might lead to poor conclusions. I deserved what I got (apart from the personal remarks).

I have been following EGS for some time. I have worked in the software industry for over 30 years and indeed once worked for a software house not dissimilar to EGS in that it had female owners. It went from private to public making the owners very rich indeed. Part of my job involved working with the directors/senior managers and potential and actual clients. I have a fair understanding of the economics of running a software house and the risks.

So while my outburst may have typified my gut reaction to EGS it in no way illustrates the background or following I have with it.

As to "the other share that shall not be named by me", I didn't refer to it here. I happen to have started a board on it. One poster was so angry that he or she cut some of my comments and posted them back on my board. I thought that quite a clever technique and have never seen it before. However I didn't mention any other shares so how could I be accused of ramping? It looked to me that I had hurt someone and they took the opportunity to hurt back rather than your mature approach.

I bought "that share" in the range 4.5p to 6p (its now about 5.5p), well after I felt its decline had been overdone and I felt recovery had started to take place. I don't feel that has happened to EGS, hence my reaction to what I thought were premature remarks based on low volumes of trades.

However I think it a little optimistic to attempt to directly compare the shares as some have done. Cyberpost, I'm fully aware about non-disclosure of contract terms and I'm being somewhat cynical - an approach I feel appropriate "in this economic climate" and my personal feelings on the company.

[cyberpost] 10/4/2008 08:01

h101

i certainly dont mind bearish comments... but posting negative comments without substantive analysis is just plain deramping and transparent. Take a look at PUGUGLY, he posted some very good bearish points which was welcome. However your comments were just generalised negativity. Calling this stock a "crock" without proper research, commenting about only investing when its turned around, commenting about "no big spenders" buying the stock...etc etc. just makes one roll the eyes and sigh. Investment is about seeing opportunity and taking advantage of it. The biggest money is made by seeking out recovery stocks. Your bearish arguements could just as well apply to your stock IFNC - yet you only saw it being applied to EGS. IFNC hasnt even proves its full recovery yet you are invested in there.

Just because EGS didnt announce the amount for the yesterday's contract does NOT mean it wasnt significant... many software companies are bound by commercial confidentiality agreements whereby the 3rd party does not wish to disclose the amount paid for the contract. Take a look at MNS, see how many RNSs they have issued regarding contracts with the NSH - yet they have rarely stated contract value. Its for a reason.

By all means post bearish views, but at least try to do some research and back up your views with substantive arguements.

Good luck in your investments too.

[h101] 10/4/2008 07:50

Everyone has different strategies. Mine is not to buy on the way down, that is one strategy. Another is to watch to see if the company has changed its management board or style. Look at charts say over the last year - I doubt anyone made money on ESG recently going long. So what about buying in early then? ... And so on. I hope you make money with your strategy. Simply disagreeing with you doesn't make me worse, but different.

I won't reply to the personal remarks or accusations of ramping. I'm sorry if I ruffled your feathers but I think you over-reacted. Nuff said.

[wellworthit] 09/4/2008 22:27

LOL.. nice one Cyber. Those forecasts clearly tell us which one is the better recovery play. And it is a priceless comment to say you buy when they have proven they've turned around. That is a gobsmackingly ignorant comment. Any shrewd investor knows you buy when its in recovery mode, because by the time it has made the recovery, the share price is sitting on a far higher level.

The idiot doesnt know what he is talking about - a clueless muppet. The reality is, the comments he has posted on here can equally apply equally to the one stock his ramping (IFNC)

eg The time to buy is when they prove they've turned around. Until then your money is safer in the bank.

He is an ignorant numpty !!

[cyberpost] 09/4/2008 22:15

Lets compare forecasts with EGS and IFNC

EGS
2008 Pre-Tax £200k
2008 EPS 1.1p

2009 Pre-Tax £400k
2009 EPS 2.1p


IFNC
2008 Pre-Tax -£400k
2008 EPS 0.89p

2009 Pre-Tax £3.6m
2009 EPS 1.63p

[cyberpost] 09/4/2008 22:10

Regarding "crock" stocks.... IFNC is one heck of a crock stock.... its a loss making mega dog !!

[cyberpost] 09/4/2008 22:06

h101

its a contract win none the less.

As for big spenders..do your research.. its impossible to buy in large amounts.. there only 14.3m shares in issue... and out of that only 4% in free float. So even if the 'big spenders' wanted to buy in big amounts it would be virtually impossible.

The time to buy is BEFORE an expected recovery.... not after. That's the basis rule of investment... as buying AFTER the event means its already priced in.

It has ZERO debt. It has nearly £1m of cash. There are heck a lot more 'crocks' out there than EGS.

[h101] 09/4/2008 21:59

That's why the big spenders have been out the last few days. Net purchases about 500 shares worth oooh £60. You must be mad to buy this crock in this economic climate. The contract is "an initial proof of concept project". Talk about a desperate RNS! They're even ashamed to put what it is worth in the statement, which prolly means it's worth very little.

The time to buy is when they prove they've turned around. Until then your money is safer in the bank.

[cyberpost] 09/4/2008 16:32

yes Ivor.... it is now a very good recovery play.

[ivor whopper] 09/4/2008 09:20

looks promising to me

[cyberpost] 09/4/2008 07:59

New Contract Win



RNS Number:9249R
EG Solutions plc
09 April 2008



Issued by Golley Slater
Date: Wednesday 9th April 2008

Embargoed: 7.00am



eg solutions plc
("eg solutions" or "the Company")


New Contract Win

IT Software and Services company eg solutions plc (AIM: egs) is delighted to
announce that its intended expansion into international markets continues to
progress well, with another new contract win in South Africa.

The new contract with a major life office, employing approximately 5,000 people,
is the fourth piece of new business to be secured by eg solutions since the
start of the new 2008 financial year.

eg solutions will now undertake an initial proof of concept project, by
providing its operational intelligence software to the major life office
internal claims department.


Commenting, Elizabeth Gooch, Chief Executive Officer said:

"We are delighted to have secured another new contract win in South Africa; a
country which is proving to be a worthwhile focus for our on-going expansion
across international markets."

"This project will assist us in building a sustainable and profitable business
in South Africa. By continuing to secure new business such as this, we are
gradually establishing a solid position as a leading provider of operations
management solutions within our target overseas markets. This, in turn, will
allow us to take advantage of further opportunities provided by different
sectors and the requirements of global operational management in general."

[cyberpost] 04/4/2008 15:56

excellent support... someone dumped 41.7k yesterday after market close (most probably end of tax year stuff) .... market makers paid the seller 5p/share. This morning share was marked down 4p. BUT buyers came in and now the share is back to unchanged.

[finmac] 29/3/2008 00:56

Dear All,
I want to re-invigerate this thread, why should we give up, the theft of our shares was a moral example of the way in which todays business has lost any moral responsibility for the small investor. We are a species that should be protected. The manor in which we small investors where treated by bond holders and the banks was digraceful. I wish you all a very good night.
Regards
Finmac

[pre] 27/3/2008 09:17

another tick up.....

[pre] 26/3/2008 20:44

well...the picture is getting more interesting...another 200K snapped up by chief exec and nice RNS this am:-)

[cyberpost] 26/3/2008 16:51

RNS Number:8498Q
EG Solutions plc
26 March 2008


eg solutions plc


Director's Dealing

Wednesday 26 March 2008


eg solutions plc (the "Company") announces that, on 26 March 2008, it was
notified that Elizabeth Gooch, the Chief Executive Officer of the Company,
purchased 200,000 shares of 1 pence each in the Company ("shares") at a price of
10 pence per share for the benefit of her daughter. Mrs Gooch is now interested
in 8,993,200 shares, representing 62.8 per cent of the issued share capital of
the Company.